The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1887-01-01

sion TO call an extra session II the bonds
voted to be issued at AZ per cent. could
not be hosted by the chairman.
Promptly at 80 Clerk McKeon called
the roll, and the following members re-
sponded to their names.
Bowen. Henry, Serena. nckok, 3; TroyGrove
Brennan, fenton, Usage; Holl cker. D. oi.ssa:
| Bubeck, William La Sale Hienb'and. A Bruce
Burksrt, Joseph. Ia sale. Jennings, Jas; Mission
M Rqena k ts. ae psA
Poys aS. bmeS eT fn Maj aana.
DIVER Win j, Utasa McLsuchlsn, J. La Sale
Duiaway.J Farm Ridge Niihoson: vermilion.
FsTSswo rtH r. So Ottawa LoEghn. ~ BreoEaed
Fischer. Casper Mendoza Phillips, Thomas. Hope.
| Gallagher. II N, Peru. Rowe, a Freedom.
Gibbs, Char.cs, Ophir Sawyer, NJ, E'EIe r-,-
1ran,den. Abt or,hyille stevenson, W. otter Crk.
| Green Basil, DAYTON Spencer, Chas :" MIht G,,.
Guun Henry Eden. Thompson, :, Gr. EapllS
Griffin, \ T, Utica Wilson, John,P, Fail tlVcr.
The roll call ended Chairman Lewis
stated that lie was not able 10 fiat the
bonds AT Al p"r cent. just at this time.
He stated that he had spent three days ia
! Chicago, and had neen unable 10 accom-
plish anything He had written TO parties
in Chicago, New York and Cleveland, but
the answers received had not been favor
uble.
Supervisor Griffin rose to ak If 1t was
Impossible to place the bonds OF $4,000 at
4 2per cent.
Supervisor Reed felt certain that fine
bonds could be placed at 4 per cent. if
little more time was given He thought
that at this time it was not to be expected
that the bonds could be sold so quickly
owing TO the present stringency of the
money market, and that the bonds being
but for $I5, 900, and that the assessed valu.
alton of the property OF the county beir g
$1S000,00O the bonds would bs gilt
edged" better by far than the 3 per cent
bonds of the government.
Supervisor Fischer stated that as he, to a
certain extent, was responsible for the en-
ira session, he had looked around for some
one to take the bonds at AZ per cent. and
that he had found such larty.
Supervisor Burheck said the party was
the First Nan nal Bank of La Sale, and
that George NJ, Murphy had made the
proposition to take the bonds az AZ
per cent. July LIST, and furnish in the
mean time money to run the county at 8
per cent until the bonds were taken. To
make good his offer he would place forfeit
with the county treasurer tomorrow NOR.
ming of $500.
| Supervisor Gibbs stated that county
treasurer Hoffman had told him but ten
thousand dollaIs would be necessary to run
the county until tax money came in.
Supervisor Bubeck moved that the
proposition of Mr. Murphy in behalf of
the First National Bank Of La Sale be &c.
cepted,
Supervisor Critic favored the Murphy
proposition.
Supervisor Griffin thought Mr.. Murphy's
proposition should be reduced to writing.
At this point Supervisor Bubeck
stepped out to reduce his proposition to
writing, and the chairman and others
INDUCED In some legal pleasantries, each
answering the questions of the other in
true yankee style"
Supervisor Madden 'ffered a resolution
that committee consisting OF the chair
and Ne~.-s Fisc her, Reed, Fades and Crit
fiji TIE a,4rin'ed 10 negotiate the bonds at
four aud uu. h, rer cent.
Supervisor Gtitlli asked that the reso,u-
ton be W Ii Id for a short ii ne.
After considerable sparring the resolu
ton introduced by Supe !sor Madden
was adopted and the committee named by
! it constituted committee to negotiate the
sale of the bonds at four and one half per
cent
Chairman Lewis declined TO serve for
various reasons, and as no one was substi.
,uted in mis- stead, the committee as II
stands Is, Eessrs Fischer, Reed Fades and
Griffin.
, A motion was made for members 20 do
nate to the county their per dime and mi
leage, but Supervisor Griffin objected, sta
ting that It was not his intention to do any
work for La Sale county without being
paid for ito which statement Supervisor
Fades replied that to be consistent he
!, should cease making so much fuss over
supervisors taking fees as poor masters
On motion the board adjourned.
|
Vicinity Items.